1.Investment X: $5,000 invested at 6% simple interest rate.

Investment Y: $100 invested at 4% interest rate with interest compounded annually. Assume no money is ever withdrawn from either investment. Which of the following is true?

Group of answer choices

A) X will always have a higher balance because it has a higher principal and higher interest rate.

B) Y will have a higher balance than X after certain number of years.

2.Use the formulaA=P(1+i)nA=P(1+i)n. Suppose a car's value depreciates 12.7% per year, how much is a car worth after 10 years if the car is worth $31,216 now? Round answer to a whole number.

3.Assume 52 weeks in a year.

Bart took out a $159,633 loan to buy a yacht. The loan had a fixed annual interest rate of 6%. If Bart wanted to pay off the loan in 240 weeks with equal biweekly payments, how much would the amount per payment? Round answer to a whole number. If you do the calculation in multiple steps, remember not to round any number before you reach the final answer.

5. Assume 52 weeks in a year.

Bart took out a $159,633 loan to buy a yacht. The loan had a fixed annual interest rate of 6%. If Bart wanted to pay off the loan in 240 weeks with equal biweekly payments, how much would the amount per payment? Round answer to a whole number. If you do the calculation in multiple steps, remember not to round any number before you reach the final answer.